TODAY'S BUSINESS HEADLINES

Risk from government debt eases in 1Q 23-Sep-14, 6:09 PM | Rain Castro, InterAksyon.com

PH stock market trims losses on upbeat China manufacturing data 23-Sep-14, 4:46 PM | Krista Angela M. Montealegre, InterAksyon.com

Ayala Land to build 1,100-hectare mixed-use estate in Pampanga 23-Sep-14, 2:58 PM | Krista Angela M. Montealegre, InterAksyon.com

Corporate bond market activity slows in 2Q 23-Sep-14, 11:09 AM | Rain Castro, InterAksyon.com

Alsons Group offers to acquire Indophil 23-Sep-14, 8:07 AM | InterAksyon.com

PLDT, Bayan interconnect in CamSur

InterAksyon.com means BUSINESS

MANILA, Philippines - Bayan Telecommunications Inc. (Bayan) and Philippine Long Distance Telephone Co. (PLDT) have linked up their networks in the province of Camarines Sur.

This development will boost Bayan’s leadership position in the Bicol market, according to Bayan carrier business head Marvic Molina, who added that economic activity in the southern Luzon region will also be spurred.

Bayan earlier interconnected its Cebu local exchange carrier network to PLDT. Regulators have been encouraging local interconnection in order to boost services and business and bring down costs. With interconnection, residents and businesses in a province or city can field calls via 7-digit local dialing without having to pay long-distance charges.

Without it, a Bayan landline subscriber pays long-distance rates to call a PLDT landline subscriber within the same area, and vice-versa.

“This endeavor, in cooperation with Bayan and PLDT, is a testament to the NTC’s continued thrust of improving telecommunications services that ultimately benefits our countrymen”, said NTC deputy commissioner Delilah Deles.

The NTC anchors its interconnection campaign among public carriers on Republic Act 7925. This aims to create a universally accessible and fully integrated nationwide telecommunications network, something seen to lure infrastructure investments from the private sector.

Interconnection discussions between PLDT and Globe Telecom Inc., meanwhile, are expected to be concluded soon. “PLDT and Globe will be able to interconnect in Benguet, Nueva Ecija and La Union. By December 8, the areas within which Globe is complaining of snail-paced interconnection discussion with PLDT will be finalized,” said Deles.

Earlier, Globe and PLDT forged interconnection deals for their networks in the provinces of Pampanga, Bulacan and Zamboanga. The rival telcos are readying for full interconnection in Quezon after six years.